Ian Wright has accused Stan Kroenke of sucking the feel-good factor out of Arsenal as they head into a new era by launching a bid to take full control of the club.

Kroenke has won his power struggle with rival billionaire Alisher Usmanov, who has agreed to sell his 30 per cent stake in the Gunners to the American businessman for around £550million.

It is a change of stance from Usmanov, who rejected a £525m offer from Kroenke in October. Russian Usmanov himself failed with a bid to buy out Kroenke in May 2017.

Kroenke’s bid puts Arsenal’s value at £1.8billion.

And with Kroenke already owning 67 per cent of Arsenal through his company Kroenke Sports and Entertainment (KSE), his deal with Usmanov takes him beyond the 90 per cent threshold at which it becomes mandatory to buy all remaining shares.

But a KSE statement said: “The offer is not being funded by way of any debt finance (bank loans, payment in kind loans or other debt or quasi debt interest bearing obligations) for which the payment of interest on, repayment of, or security for any liability (contingent of otherwise) will depend on the business of Arsenal.

“KSE believes moving to private ownership will bring the benefits of a single owner better able to move quickly in furtherance of the club’s strategy and ambitions. KSE is a committed, long-term owner of the club.

“KSE’s ambitions for the club are to see it competing consistently to win the Premier League and the Champions League, as well as the major trophies in the women’s senior game and at youth level.”

Confirming his decision to sell, Usmanov said: “I wish all the best and great success to this wonderful football club and to all those whose lives and careers are entwined in it.”